FluxGen Raises Rs 28 Crore to Power Growth and Water Sustainability Across Regions
FluxGen, a Bengaluru-based climate tech firm, has raised Rs 28 crore in a pre-Series A funding. This is in preparation for aggressive expansion in India and the Middle East. The financing round was led by IAN Alpha Fund and saw participation from Rainmatter, Gameskraft Technologies, Intersection Ventures, and Force Ventures. It also saw existing ones like Axilor Ventures and Arali Ventures.
With more than 100 clients, such as industry giants Aditya Birla, Tata Group, and Microsoft, FluxGen aims to expand operations in its high-priority geographies."With this fundraise, we would like to scale across India and the Middle East", said Ganesh Shankar, Founder & CEO, FluxGen.
The company offers end-to-end water intelligence solutions to industries, assisting them in managing water risks and becoming sustainable. Generating Rs 10 crore in revenue currently, FluxGen plans to increase that to 2.5 times and reach the Rs 100 crore level in three years.
"Water is core to every business. Our mission is to de-risk industries from water crises, efficiently realize water sustainability, and get financial returns", Shankar said. The firm uses AI, data science, and satellite images to deliver actionable insights that enable industries to make smart decisions on water use.
"We apply our Gen AI platform to instruct industries what to do in a particular scenario", Shankar explained.
The new capital will fuel product development, market expansion, and customer growth, supporting FluxGen's purpose of enabling industries to prosper without concern for water risk.
With more than 100 clients, such as industry giants Aditya Birla, Tata Group, and Microsoft, FluxGen aims to expand operations in its high-priority geographies."With this fundraise, we would like to scale across India and the Middle East", said Ganesh Shankar, Founder & CEO, FluxGen.
The company offers end-to-end water intelligence solutions to industries, assisting them in managing water risks and becoming sustainable. Generating Rs 10 crore in revenue currently, FluxGen plans to increase that to 2.5 times and reach the Rs 100 crore level in three years.
"Water is core to every business. Our mission is to de-risk industries from water crises, efficiently realize water sustainability, and get financial returns", Shankar said. The firm uses AI, data science, and satellite images to deliver actionable insights that enable industries to make smart decisions on water use.
"We apply our Gen AI platform to instruct industries what to do in a particular scenario", Shankar explained.
The new capital will fuel product development, market expansion, and customer growth, supporting FluxGen's purpose of enabling industries to prosper without concern for water risk.
